RESEARCH REPORT
Bank of America Corporation
BAC
$50.01
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
Bank of America Corporation trades near $50.01 on a trailing multiple of about 11.9x versus its own 5-year median near 11.9x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own 5-year median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~11.9 | ~11.9 | -0% |
| P/E (forward) | ~9.6 | — | — |
| EPS (TTM) | 4.19 | — | — |
| Gross margin | n/a% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- 5-year median P/E multiple: $50.01 — Applies the 5-year median multiple (11.9x) to trailing EPS.
- Street mean target: $62.84 — Average published analyst target.
- Street target midpoint: $63.50 — Midpoint of $56.00–$71.00 published range.
Street targets run from $56.00 to $71.00. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- What the Big Banks' Third-Quarter Reports Say About Credit Card Borrowers
- Bank of America: Clearly A bullish Below $50, While Preferreds Boost Quarterly Income
- Tech Bonds Are 'Diamonds in the Rough': Bank of America's Hartnett Says
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Bank of America: Convertible Series L Delivering High Income With Equity Participation
- Bank of America (BAC) Enters New States As It Joins $30 Trillion Tokenization Push
- DoorDash Has Disappointed for a Year: Why Bank of America Sees 44% Upside
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~11.9x rather than its 5-year ~11.9x, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 2027-01-15
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 4, 2026|Most-Active S&P 500 Stocks for Nov. 4, 2026(ChartMill)
Nov. 4, 2026 most-active S&P 500 list: SMCI led volume at 61.87M shares and fell 4.71%, while UBER rose 6.92% and CVS dropped 12.33%.
Nov 4, 2026|Bank of America has unexpected verdict on AI stocks after post-midterm Democrat sweep(Yahoo)
Investors may have feared the wrong outcome.
Nov 4, 2026|AMD price targets hold firm as analysts lift forecasts on AI growth outlook(Yahoo)
Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) won continued support from Bank of America and Wedbush, with both firms raising earnings forecasts as management’s outlook for more than 80% revenue growth in 2027 reinforced expectations for its AI and server CPU businesses. Bank of America...
Nov 4, 2026|Super Micro gets BofA upgrade to price target, but margins remain a concern(Yahoo)
Super Micro Computer Inc (NASDAQ:SMCI) received a higher price target from Bank of America at $39 as stronger guidance failed to dispel concerns about margin sustainability. Management raised its fiscal year 2027 revenue guidance to $72 billion to $82 billion and its gross margin outlook to...
Nov 4, 2026|Arista Networks gets BofA backing as 2027 growth outlook tops Street(Yahoo)
Arista Networks Inc (NYSE:ANET) drew higher estimates from Bank of America after its 2027 growth outlook topped Wall Street expectations, with the broker reiterating its "buy" rating and $240 price target. Management forecast 39% revenue growth in 2027 against the Street's 28%, following...
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
| Date | Executive | Action | Shares | Value |
|---|---|---|---|---|
| Oct 30, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 200 | — |
| Oct 30, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 1,450 | — |
| Oct 30, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 700 | — |
| Oct 27, 2026 | BANK OF AMERICA CORP /DE/ | Buy | 3,070 | $70,548.6 |
| Oct 27, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 302 | $6,693.83 |
| Oct 27, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 1,899 | $47,633.95 |
| Oct 27, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 869 | $21,864.65 |
| Oct 21, 2026 | BANK OF AMERICA CORP /DE/ | Buy | 12,170 | $77,084.78 |
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| State Street | 299,782,707 | $17.1B | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.